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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 92 $ 62
Accounts receivable, less allowance for expected credit losses 409 475
Production fuel, at weighted average cost 65 62
Gas stored underground, at weighted average cost 52 79
Materials and supplies, at weighted average cost 206 202
Regulatory assets 212 232
Other 178 160
Total current assets 1,214 1,272
Property, plant and equipment, net 17,706 17,157
Investments:    
ATC Holdings 400 386
Other 223 216
Total investments 623 602
Other assets:    
Regulatory assets 2,133 2,029
Deferred charges and other 160 177
Total other assets 2,293 2,206
Total assets 21,836 21,237
Current liabilities:    
Current maturities of long-term debt 804 809
Commercial paper 52 475
Accounts payable 581 611
Regulatory liabilities 110 107
Other 307 302
Total current liabilities 1,854 2,304
Long-term debt, net (excluding current portion) 8,900 8,225
Other liabilities:    
Deferred tax liabilities 2,086 2,042
Regulatory liabilities 1,026 1,023
Pension and other benefit obligations 240 249
Other 939 617
Total other liabilities 4,291 3,931
Commitments and contingencies (Note 14)
Common equity:    
Common stock 3 3
Additional paid-in capital 3,042 3,030
Retained earnings 3,755 3,756
Accumulated other comprehensive income 3 1
Shares in deferred compensation trust - 352,514 and 379,006 shares at a weighted average cost of $35.38 and $34.48 per share (12) (13)
Total common equity 6,791 6,777
Total liabilities and equity 21,836 21,237
IPL [Member]    
Current assets:    
Cash and cash equivalents 9 53
Accounts receivable, less allowance for expected credit losses 186 242
Production fuel, at weighted average cost 36 27
Gas stored underground, at weighted average cost 18 35
Materials and supplies, at weighted average cost 123 122
Regulatory assets 84 93
Other 68 51
Total current assets 524 623
Property, plant and equipment, net 8,670 8,298
Other assets:    
Regulatory assets 1,464 1,484
Deferred charges and other 74 84
Total other assets 1,538 1,568
Total assets 10,732 10,489
Current liabilities:    
Current maturities of long-term debt 500 500
Accounts payable 252 262
Accrued taxes 56 50
Accrued interest 39 40
Regulatory liabilities 62 72
Other 110 101
Total current liabilities 1,019 1,025
Long-term debt, net (excluding current portion) 3,446 3,445
Other liabilities:    
Deferred tax liabilities 1,150 1,091
Regulatory liabilities 556 572
Pension and other benefit obligations 48 51
Other 433 331
Total other liabilities 2,187 2,045
Commitments and contingencies (Note 14)
Common equity:    
Common stock 33 33
Additional paid-in capital 3,012 2,887
Retained earnings 1,035 1,054
Total common equity 4,080 3,974
Total liabilities and equity 10,732 10,489
WPL [Member]    
Current assets:    
Cash and cash equivalents 80 7
Accounts receivable, less allowance for expected credit losses 209 219
Production fuel, at weighted average cost 30 35
Gas stored underground, at weighted average cost 34 44
Materials and supplies, at weighted average cost 79 77
Regulatory assets 128 139
Prepaid gross receipts tax 49 49
Other 38 43
Total current assets 647 613
Property, plant and equipment, net 8,554 8,415
Other assets:    
Regulatory assets 669 545
Deferred charges and other 55 61
Total other assets 724 606
Total assets 9,925 9,634
Current liabilities:    
Commercial paper 0 318
Accounts payable 261 293
Accrued interest 46 40
Regulatory liabilities 48 35
Other 83 89
Total current liabilities 438 775
Long-term debt, net (excluding current portion) 3,368 3,070
Other liabilities:    
Deferred tax liabilities 804 827
Regulatory liabilities 470 451
Pension and other benefit obligations 114 121
Other 721 493
Total other liabilities 2,109 1,892
Commitments and contingencies (Note 14)
Common equity:    
Common stock 66 66
Additional paid-in capital 2,533 2,478
Retained earnings 1,411 1,353
Total common equity 4,010 3,897
Total liabilities and equity $ 9,925 $ 9,634